Stock Groups

Is American Airlines Headed for a Breakout? -Breaking

by Mike Robinson

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© Reuters. American Airlines Upon a Breakout

The chart shows a resistance line. American Airlines Group (NASDAQ: A breakout can be expected if the stock makes a break through. You can learn more about how to make money from this trade. American Airlines Group is the biggest airline worldwide by revenue passengers. Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, Washington, D.C., are some of its major hubs.

A rise in US air travel demand has helped the company. The number of Delta COVID-19 cases is falling which has helped to see 20% sequential growth in the third quarter 2021 passenger revenue. AAL anticipates strong holiday travel demand in the fourth quarter.

At the close of the third quarter the company had $14.5 Billion in cash and $2.6B in short-term loans. AAL revenue has fallen by 17.6% annually over the last three years. Analysts expect that sales will rise by 125.8% in the current quarter, compared to last year. In our POWR Ratings system, it has been given a Growth grade of B.

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